FOREIGN RELATIONS: Two-Way Aid

In an agreement of unprecedented
scope and unique terms, the U.S. last week arranged to sell to India
$592 million worth of surplus farm products for $305,900,000. It is the
biggest sale of surpluses ever made by the U.S. and the greatest
contribution any nation has made to the economy of India since that
land gained independence nine years ago.

As outlined by Agriculture Secretary Ezra Taft Benson, the agreement
calls for India to pay about $200 million for 130 million bu. of U.S.
wheat (more than 15% of the U.S. surplus), $70 million for 500,000
bales of cotton, $26.4...